In this article, I will write about the new Initial Exchange Offering of KuCoin Spotlight, Chromia (CHR).
You can check the other IEOs from the link.
What is Chromia (CHR)?
Chromapolis is a blockchain platform for dapps and it is designed to enable a new generation of dapps to scale beyond what is currently possible.
The main priorities of the Chromapolis are to
- Allow dapps to scale to millions of users.
- Be more user-friendly.
- Allow developers to build secure applications with using familiar paradigms.
Instead of miners, in Chromapolis, there are providers. Providers own nodes which produce blocks.
Moreover, Chromapolis’ PBFT style consensus is further hardened by anchoring Chromapolis chains to a Proof of Work (PoW) blockchain.
For more information about the project, you can check the link.
Token Name: Chromia (CHR)
Token Type: ERC-20
Spotlight Hard Cap: 2,000,000 USD
Spotlight Allocation: 40,000,000 CHR
Token Sale Price: 1 CHR = 0.05 USD
Token Supported: KuCoin Shares (KCS) Only
Allocation Per Winning Ticket: 500 USD (10,000 CHR)
Total Token Supply: 1,000,000,000 CHR
Circulating Supply: 4.75% of Total Token Supply
Private Sale Allocation: 14.95% of total token supply + 2.99% of total token supply as bonus
Private Sale Token Price: 1 CHR = 0.058 USD
Private Sale Unlock Plan: 7,474,622 CHR will be unlocked when listing, and the remainder will be released over the next 19 months on a monthly basis.
How to Buy CHR?
It will be a lottery based system. In order to claim your lottery ticket, you have to lock KCS from the announcement date to 27/5/2019 (UTC+8). It is around 12 days.
Users are required to transfer a certain number of KCS to the specified KCS address (iwantchr) from their KuCoin main account during the transfer period.
For other sale details, check the link.